Hyundai Motor and Skoda Electric Partner for Future Hydrogen-Powered Vehicles in Czech Republic
Key Ideas
  • Hyundai Motor and Skoda Electric signed a memorandum of understanding in Prague to collaborate on developing and supplying hydrogen systems for eco-friendly vehicles.
  • Skoda Electric, a subsidiary of Skoda Transportation, is known for producing eclectic and hydrogen-powered buses, as well as electric drives and traction motors for buses and trams.
  • Hyundai Motor, the world's largest hydrogen vehicle maker, aims to accelerate hydrogen adoption globally through the partnership, supporting the Czech Republic's goal of selling up to 50,000 hydrogen vehicles by 2030.
  • Hyundai's commitment to hydrogen technology is evident through its mass production of hydrogen-powered trucks and the unveiling of its HTWO grid at CES 2024, with a goal to offtake 3 million tons of hydrogen annually by 2035.
Hyundai Motor and Skoda Electric have joined forces in a partnership aimed at developing technologies for future hydrogen-powered vehicles in the Czech Republic. The agreement, signed in Prague, involves cooperation in the production and supply of hydrogen systems to enhance the development of environmentally friendly vehicles. Skoda Electric, known for its expertise in producing eclectic and hydrogen-powered buses, as well as electric drives and traction motors, brings valuable experience to the collaboration. Hyundai Motor, a key player in the hydrogen vehicle market, has a significant market share and a successful track record in hydrogen vehicle production. The partnership seeks to further hydrogen adoption globally and aligns with the Czech Republic's ambitious targets for clean mobility, including the sale of up to 50,000 hydrogen vehicles by 2030. Hyundai's commitment to advancing hydrogen technology is highlighted by its mass production of hydrogen-powered trucks and the introduction of the HTWO grid at CES 2024. This strategic move not only strengthens Hyundai's position as a leader in hydrogen technology but also contributes to the global push towards carbon neutrality. The collaboration between Hyundai and Skoda Electric is poised to drive innovation in the automotive industry and promote sustainable practices in transportation.
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